Rajesh Exports fails to provide vital data, NSE asks it to clarify
The exchange has also sought clarification about the auditor’s report, which deviates from the format prescribed by Sebi.
IT gains on hopes low inflation in US can spur revival in tech spends
The US consumer price index remained unchanged month on month and rose 3.2% on year in October, both lower than what economists had forecast, sparking a stock market rally after the numbers were published on Tuesday on hopes that the Federal Reserve may stop raising interest rates.
Tata Tech’s Rs 3,042-crore IPO to open on Nov 22
The issue size is estimated at ₹2,890 crore at a lower price band and ₹3,042 crore at the upper price band. The issue will close on November 24.
Indices rally for 2nd day on buying in IT stocks
The BSE Sensex climbed 306.55 points or 0.47% to settle at 65,982.48. During the day, it jumped 682.44 points or 1% to 66,358.37.
Low-cost funds seen to slow transmission of rate changes
The authors pointed out that while the increase in term deposit rates in the latest tightening cycle has outstripped that in lending rates, savings deposit rates of banks – which represent a third of total deposits – stayed almost unchanged.